Market Report

2018 global PV operations and maintenance

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The solar PV market is expected to grow to 116.3 GW by 2023, representing a major growth opportunity for solar operations and maintenance (O&M) providers. This report covers developments in the O&M market as they relate to trends, technologies, costs and prices. Despite stakeholder's expectations, the market became less consolidated in 2018, as the top five global vendors lost market share. Although four of the 11 countries examined in this report consolidated, three out of four markets only consolidated by 1%. The solar O&M market experienced the same general trends as in 2017; price pressure remained a prominent issue for providers, forcing vendors globally to compete at rock-bottom prices. Additionally, vendors continued to explore the use of technology and advanced analytical software to reduce costs, increase efficiencies and grow margins. Our Power & Renewables reports and data provide deep insight into the current and future state of electricity generation.

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